NEW YORK ( TheStreet) -- OGE Energy (NYSE: OGE) hit a new 52-week high Thursday as it traded at $46.82 compared with its previous 52-Week high of $46.79. OGE Energy is changing hands at $46.82 with 286,136 shares traded as of 2:37 p.m. ET. Average volume has been 422,100 shares over the past 30 days. OGE Energy has a market cap of $4.5 billion and is part of the utilities sector and utilities industry. Shares are up 1.6% year to date as of the close of trading on Wednesday.

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider offering physical delivery and related services for electricity and natural gas primarily in the south central United States. The company has a P/E ratio of 15.2, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 23.3.

TheStreet Ratings rates OGE Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full OGE Energy Ratings Report.

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